Realty foresees glad tidings next year

Real estate experts anticipate 2024 to be a pivotal year with fresh measures expected to resolve industry risks, reshape realty development framework and facilitate stable economic development.

After digesting the highlights of the annual Central Economic Work Conference, experts predicted ongoing financial measures will support real estate companies. They also anticipate easing of requirements for home purchases and cuts to home loan rates in the coming year.

The tone-setting conference stressed that proactive and prudent efforts should be made to defuse risks in the property industry, the reasonable financing needs of real estate enterprises of different ownerships should be met equally, and the building of a new development model for the industry should be accelerated.